Chesapeake Energy Co. (NASDAQ:CHK) Expected to Post Q1 2024 Earnings of $0.72 Per Share

Chesapeake Energy Co. (NASDAQ:CHK - Free Report) - Analysts at Capital One Financial upped their Q1 2024 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research report issued to clients and investors on Tuesday, April 9th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $0.72 for the quarter, up from their previous forecast of $0.50. The consensus estimate for Chesapeake Energy's current full-year earnings is $2.73 per share. Capital One Financial also issued estimates for Chesapeake Energy's FY2024 earnings at $2.03 EPS.

CHK has been the subject of several other reports. Benchmark lowered their price objective on Chesapeake Energy from $107.00 to $93.00 and set a "buy" rating for the company in a research report on Tuesday. Johnson Rice downgraded Chesapeake Energy from a "buy" rating to an "accumulate" rating in a research note on Thursday, December 14th. UBS Group upped their price target on Chesapeake Energy from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Wednesday. StockNews.com downgraded Chesapeake Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, December 19th. Finally, Truist Financial dropped their price target on Chesapeake Energy from $119.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $103.58.

Chesapeake Energy Trading Up 0.7 %

Shares of CHK stock traded up $0.61 during mid-day trading on Friday, hitting $88.59. The company's stock had a trading volume of 1,577,330 shares, compared to its average volume of 2,125,537. The company's fifty day simple moving average is $83.50 and its 200-day simple moving average is $81.90. Chesapeake Energy has a 52 week low of $72.84 and a 52 week high of $91.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $11.59 billion, a PE ratio of 5.26 and a beta of 0.52.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.89. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same period last year, the company earned $4.22 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Belpointe Asset Management LLC grew its stake in shares of Chesapeake Energy by 478.3% in the first quarter. Belpointe Asset Management LLC now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Principal Securities Inc. purchased a new stake in Chesapeake Energy in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust lifted its holdings in Chesapeake Energy by 132.1% in the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company's stock worth $30,000 after buying an additional 206 shares during the period. Salem Investment Counselors Inc. purchased a new stake in Chesapeake Energy in the first quarter worth about $32,000. Finally, Gladius Capital Management LP purchased a new stake in Chesapeake Energy in the third quarter worth about $36,000. 97.93% of the stock is owned by institutional investors.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.60%. Chesapeake Energy's dividend payout ratio (DPR) is currently 13.66%.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.